The Island Assessors Association announces that all Island towns will be recertifying property values for fiscal year 2012.

Recertification of property values is a complex process that begins with reviewing and updating existing property data. Assessors will also collect additional data, including property sales information, rental income and expense information and construction cost information. Calendar year 2010 property sales will be verified and analyzed and then compared with existing assessed values. Following completion of this phase, property values will be adjusted as indicated in order to meet the full and fair cash value standard set by law.

Work on the revaluation/recertification projects in all the towns has already begun and the projects are expected to be completed by mid to late fall. For further information, contact the assessors’ office in each town: Aquinnah, 508-645-2306; Edgartown, 508-627-6140; Oak Bluffs, 508-693-3554; Tisbury, 508-696-4206; Chilmark, 508-645-2102; and West Tisbury, 508-696-0101.